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Sharing in Growth helps UK aerospace companies secure an average of £45 million in contracts

Sharing in Growth helps UK aerospace companies secure an average of £45 million in contracts

Farnborough International Airshow, 12th July 2016….Sharing in Growth, the government-backed competitiveness improvement programme, has helped UK aerospace supply companies secure a total of £1.15 billion in contracts – an average of £45 million each.

Established in August 2013, the programme helps aerospace supply chain companies to improve their productivity and competitiveness so they are better placed to win a share of continued growth in the global aerospace market. Each company participates in an intense four year training and development programme which attracts £1.2 million from the Regional Growth Fund (RGF) for each company.

Speaking at the Farnborough International Airshow Sharing in Growth CEO Andy Page said: “So far we have delivered over 800,000 hours of training and it’s clearly effective in helping companies win business. With our support, the first 25 companies on the programme have secured over £1.15 billion in contracts to date– 20% of which is for direct export. Consequently we are well on target to hit our target of safeguarding 10,000 UK jobs by 2022.”

Sharing in Growth helps UK aerospace companies secure an average of £45 million in contracts

Sharing in Growth (SiG) is helping a total of 50 companies achieve their aim of an average 50% increase in productivity and is currently recruiting to fill the final 12 places on the programme. The programme is backed by a total of £80 million from the RGF and endorsement from Airbus, BAE Systems, Boeing, Bombardier, GE, GKN, Leonardo, Lockheed Martin, Safran and Rolls-Royce, amongst others.

Marcus Bryson, chair of the UK Aerospace Hub said: “With £29 billion in turnover and £26 billion in exports the UK aerospace is a vital sector so I am delighted that the UK government and industry has had the foresight to invest in its future through the Sharing in Growth programme which is helping our supply chain win and retain contracts across the globe.”

Said Paul Everitt, CEO of the ADS Group, the UK’s aerospace, defence, space and security trade body, “The sustained support provided by Sharing in Growth is creating an environment in which companies throughout the supply chain can thrive. This translates into a globally competitive aerospace industry, capable of winning contracts in tough international markets, and underpins the industry’s valuable contribution to national prosperity.”

SiG creates an integrated and bespoke transformation programme founded on leadership, culture and operational excellence. The core of team of 130 cross-functional experts are supported by deep expertise from Deloitte, Unipart Expert Practices, the National Physical Laboratory, The University of Cambridge’s Institute for Manufacturing and Industry Forum to provide world-class training in leadership, strategy, business planning and performance improvement.

Companies interested in joining the SiG programme can complete an expression of interest form which is available at